Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Novastro Partners with ICB Labs to Advance RWA Tokenization

18/09/2025

BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

18/09/2025

Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

18/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

    18/09/2025

    P2P fast-tracks ETH staking as exit queue hits record highs

    18/09/2025

    Binance Whales Buying Ethereum: Will ETH Rally?

    18/09/2025

    Ethereum Price Ready to Explode After AI Announcement?

    18/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Telegram’s Pavel Durov Celebrates as TON-Based NFTs Show Stunning Price Spike

    18/09/2025

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Novastro Partners with ICB Labs to Advance RWA Tokenization

    18/09/2025

    BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

    18/09/2025

    Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

    18/09/2025

    Are Pure Play Bitcoin Miners Going to Reprice Like AI/HPC Miners?

    18/09/2025
  • Blockchain

    Novastro Partners with ICB Labs to Advance RWA Tokenization

    18/09/2025

    UN agency to upskill governments on crypto tech next year

    18/09/2025

    Creata Chain Collaborates with ZoroAI to Boost Interoperability Optimization, Cross-Trading Capabilities

    18/09/2025

    Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

    18/09/2025

    Datagram Network Taps Spheron to Drive Decentralized AI Compute

    18/09/2025
  • DeFi

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025

    Revolutionary Taiko Chainlink Integration Unlocks New DeFi Horizons

    18/09/2025

    L2 Closures and $100M GHO Push Spark Debate

    18/09/2025

    Botanix Launches Yield-Bearing Bitcoin Standard

    18/09/2025

    ETH Exit Queue Gridlocks As Validators Pile Up

    18/09/2025
  • Metaverse

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

    18/09/2025

    Tokyo Fashion Brand Expands Into Bitcoin and AI

    18/09/2025

    Spiko’s EU T-Bills Money Market Fund Hits $300 Million AUM, Signalling Growing Investor Interest

    18/09/2025

    Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

    18/09/2025

    Markets Weigh Labor Risks, Inflation, and Liquidity Bets

    18/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025

    Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

    18/09/2025

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Are Pure Play Bitcoin Miners Going to Reprice Like AI/HPC Miners?

    18/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    Novastro Partners with ICB Labs to Advance RWA Tokenization

    18/09/2025

    BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

    18/09/2025

    Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

    18/09/2025

    Are Pure Play Bitcoin Miners Going to Reprice Like AI/HPC Miners?

    18/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»Historical Bitcoin Fractal Pattern Hints At Crash Below $20,000
Bitcoin

Historical Bitcoin Fractal Pattern Hints At Crash Below $20,000

NBTCBy NBTC04/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A detailed analysis by well-regarded crypto analyst Rekt Capital has spotlighted a recurring bearish fractal in the historical price data of Bitcoin, raising prospects of a potential crash below the $20,000 mark. Notoriously seen in 2019 and 2022, this pattern seems to be reemerging in the current 2023 market.

For those unfamiliar, the fractal indicator identifies potential turning points on a price chart by highlighting repetitive price patterns. In simple terms, a bearish fractal suggests a potential decline in price. Such a pattern materializes when there’s a peak price with two consecutively lower high bars/candles on its flanks. An up arrow typically marks a bearish fractal, indicating the potential for price descent.

Here’s Why Bitcoin Price Could Drop Below $20,000

The essence of this bearish pattern begins with a double top. Contrary to expectations, this double top doesn’t validate with a dip below a significant support level. Instead, the price typically sees a relief rally, forming a lower high, only to crash below the previously mentioned support.

This support then morphs into a new resistance level, driving the price further down. This sequence was observed in both 2019 and 2022, and the current market scenario in 2023 mirrors the initial stages of this pattern. Rekt Capital suggests that the market is potentially in the middle of this bearish fractal, with uncertainty around where the relief rally might conclude.

From the beginning of April to the end of August, BTC formed a double-top pattern in the weekly chart. However, the Bitcoin price held above the neckline at around $26,000. Then, in mid-August, BTC started its relief rally which took the price up to $28,600. “We’re probably in the A to B [phase of the] bearish fractal,” the analyst added.

Bitcoin bearish fractal | Source: X @rektcapital

Diving deeper into potential scenarios, the analyst believes Bitcoin’s price could rally up to approximately $29,000 before experiencing further declines. Some key events to watch for include potential overextensions beyond the bull market support band. If Bitcoin fails to retest and maintain this band as support after breaking out, the bearish fractal remains valid.

Another important point to monitor is the revisit of the lower high resistance. Even if the price wicks beyond this resistance, a subsequent rejection would keep the bearish outlook intact. There are, however, criteria that could invalidate this bearish perspective: the bull market support band (blue) consistently holds as support, a weekly close beyond the lower high resistance ($28,000), and breaking past the $31,000 yearly highs.

Lower High is also confluent resistance with the 200-week MA
The lower high is confluent with resistance at the 200-week MA | Source: X @rektcapital

On the topic of other technical indicators, Rekt Capital highlighted that Bitcoin has recently rallied to the 200-week MA. This moving average (MA), however, seems to be acting as a current resistance. Additionally, the 200-week MA aligns with the lower high resistance, presenting a crucial juncture for Bitcoin’s price in the near future. Despite his macro bullish stance on Bitcoin, Rekt Capital cautions that Bitcoin has yet to overcome the $28,000 lower high resistance in the 1-week chart.

On the daily chart, Bitcoin is hovering slightly above the 38.2% Fibonacci retracement mark. For Bitcoin to avoid a descent beneath the established trend line (represented in black), it’s crucial for it to maintain a position above $27,372.

Bitcoin price
BTC hovers above key support, 1-day chart | Source: BTCUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Novastro Partners with ICB Labs to Advance RWA Tokenization

18/09/2025

BitMine’s Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

18/09/2025

Crypto Markets Fail To Surge Following Fed Rate Cut Announcement

18/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.